Credit report of individuals and companies
The UAE provides official credit reports service to individuals and companies. These reports help applicants understand their debt levels and have a clear picture of their financial obligations. This will in turn enhance their ability to plan for future borrowing and manage their finances responsibly.
What is a Credit Report and why is it needed?
A Credit Report is a summary of your personal information and that of your company. It contains the Credit Score, financial obligations, bills for the past 3 years (36 months) and your last reported salary. This data is collected from banks, financial companies, telecom and utility providers, courts and government entities.
Financial institutions need to assess the credit standing of an individual or a company, when reviewing an application for a loan, credit card or other credit facilities.
To stay on top of your finances, it is advisable to check your Credit Report twice a year or before applying for a loan. This gives you an insight into your financial standing, the opportunity to correct any errors and track your payment history.
How can individuals apply for a Credit Report?
As an individual, you can get your Credit Report using UAE Pass through the following channels:
- AECB CreditReport app: Download it from the App Store or Google Play.
- Etihad Credit Bureau website: Visit the official website of Etihad Credit Bureau and log in.
- Partner apps: Use the DubaiNow or TAMM apps.
How can companies apply for a Credit Report?
Companies can get their Credit Report by following these two easy steps:
- Step one: Visit the business section on the Etihad Credit Bureau website and apply online.
- Step two: Visit any of the Al Ansari Exchange branches for verification and payment.
About Etihad Credit Bureau
Etihad Credit Bureau is a federal entity wholly owned by the UAE Federal Government, and mandated by UAE Federal Law to collect and provide credit information in the country. It functions as the official credit reporting agency for individuals and companies in the UAE, offering credit reports and scores to support informed financial decisions and promote financial stability.
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